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Reliance

Reliance Communications (RCom), part of the Anil Dhirubhai Ambani Group, has finally launched its GSM services across major cities in the country.

The firm has initially launched the service in Mumbai, Delhi, Gujarat, Punjab, Bangalore and Chennai.

According to sources, the company has provided GSM phones to its employees for testing the service installed over 2,500 towers in Mumbai and Delhi circles and invested around Rs 800 crore each for the purpose.

Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) would pay attention toward renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power. The company is planning to invest Rs 60,000 crore in alternate energy sector. The company would also invest over Rs 12,000 crore in cement and shipping businesses through its fuel transportation arm, Reliance Natural Resources (RNRL). These projects would be set up near the power plant projects of the company. The company also intends to enter in solar energy sector in future.

The shares of Reliance Industries Ltd witnessed a decline of 0.72 percent on the BSE. The shares closed at Rs 2,037. The company failed to excite the market by announcing production of gas the KG-D6 block.

The company has announced to start production from D6 basin in January. RIL Chairman, Mukesh Ambani has also announced that the company would raise oil output to 550,000 barrels a day in six to eight quarters. However, the government has forecasted that the production would begin by November.

The government is expected to declare Raigad as 'green zone'. The Congress-Democratic Front government has chalked out a new plan to deal with the resentment among the farmers who’s land is acquired for SEZ project. It is recalled that the farmers are not in favor of Mukesh Ambani's multicrore SEZ project.

A senior congress minister said that they are waiting for the report of collector of Raigad, Nipun Vinayak. The government would stop all development activities in the region following the opposite verdict of the collector. He also assured that the land should not be used for commercial purposes. The collector is expected to submit its report within a week.

The government is expected to declare Raigad as 'green zone'. The Congress-Democratic Front government has chalked out a new plan to deal with the resentment among the farmers who’s land is acquired for SEZ project. It is recalled that the farmers are not in favor of Mukesh Ambani's multicrore SEZ project.

A senior congress minister said that they are waiting for the report of collector of Raigad, Nipun Vinayak. The government would stop all development activities in the region following the opposite verdict of the collector. He also assured that the land should not be used for commercial purposes. The collector is expected to submit its report within a week.

Reliance Industries (RIL) is planning to release gas from its D6 well in the Krishna Godavari basin in January 2009. The company is the biggest private sector petroleum company of India. It has, recently started oil production from the Krishna Godavari basin. The company has good presence in many countries in exploration & production (E&P) of oil. It has 54 blocks of oil exploration in eight countries.